Canadian consumer prices rise 0.4 percent

(May 21, 2012) -- The core measure, which excludes the prices of the eight most volatile components of the CPI, posted a 0.4 percent increase, faster than March's 0.2 percent gain. The April increase was also larger than the 0.2 percent increase seen a year earlier and as a consequence, the annual rate picked up to 2.1 percent from 1.9 percent in February to just a shade above the Bank of Canada's 2 percent target, said Jeffries.